UNITED STATES BANKRUPTCY COURT

 

 

 DISTRICT OF 

 DIVISION

 

TRUSTEE’S FINAL REPORT (TFR)

The undersigned trustee hereby makes this Final Report and states as follows:

1. A petition under chapter of the United States Bankruptcy Code was filed on

. The undersigned trustee was appointed on .

2. The trustee faithfully and properly fulfilled the duties enumerated in 11 U.S.C. §704.

3. All scheduled and known assets of the estate have been reduced to cash, released to

the debtor as exempt property pursuant to 11 U.S.C. § 522, or have been or will be abandoned

pursuant to 11 U.S.C. § 554. An individual estate property record and report showing the

disposition of all property of the estate is attached as Exhibit A.

In re: §

§

Claudio De Santiago § Case No. 16-26019

Carmen De Santiago §

§

Debtors §

4. The trustee realized gross receipts of $

Funds were disbursed in the following amounts:

Payments made under an interim

disbursement

Administrative expenses

Bank service fees

Other payments to creditors

Non-estate funds paid to 3rd Parties

Exemptions paid to the debtor

Other payments to the debtor

Leaving a balance on hand of1$

____________________

1

The balance of funds on hand in the estate may continue to earn interest until disbursed. The interest earned prior to disbursement

will be distributed pro rata to creditors within each priority category. The trustee may receive additional compensation not to exceed the

maximum compensation set forth under 11 U.S.C. §326(a) on account of the disbursement of the additional interest.

UST Form 101-7-TFR (5/1/2011) (Page: 1)

0.00 

101-7-TFR /2009 101.41 11,600.00 0.00 3 NORTHERN /2011 

ILLINOIS 0.00 0.00 0.00 

A 7

08/12/2016 11,498.59 0.00 

ems Inc. 08/12/2016 EASTERN

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5. Attached as Exhibit B is a cash receipts and disbursements record for each estate bank

account.

6. The deadline for filing non-governmental claims in this case was and the

deadline for filing governmental claims was . All claims of each class which will

receive a distribution have been examined and any objections to the allowance of claims have

been resolved. If applicable, a claims analysis, explaining why payment on any claim is not

being made, is attached as Exhibit C.

7. The Trustee’s proposed distribution is attached as Exhibit D.

8. Pursuant to 11 U.S.C. § 326(a), the maximum compensation allowable to the trustee is

$ . To the extent that additional interest is earned before case closing, the maximum

compensation may increase.

The trustee has received $ as interim compensation and now requests a sum of

$ , for a total compensation of $ 2. In addition, the trustee received

reimbursement for reasonable and necessary expenses in the amount of $ , and now requests

reimbursement for expenses of $ , for total expenses of $ 2.

Pursuant to Fed R Bank P 5009, I hereby certify, under penalty of perjury, that the

foregoing report is true and correct.

STATEMENT: This Uniform Form is associated with an open bankruptcy case, therefore, Paperwork Reduction Act

exemption 5 C.F.R. § 1320.4(a)(2) applies.

The remaining funds are available for distribution.

Date: By:/s/STEVEN R. RADTKE

Trustee

____________________

2

If the estate is administratively insolvent, the dollar amounts reflected in this paragraph may be higher than the amounts listed in the

Trustee’s Proposed Distribution (Exhibit D).

UST Form 101-7-TFR (5/1/2011) (Page: 2)

1,910.00 22.24 0.00 08/30/2017 0.00 1,910.00 01/20/2017 02/08/2017 22.24 1,910.00

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Exhibit A

FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Case No: 16-26019 CAD Judge: Carol A. Doyle Trustee Name: STEVEN R. RADTKE

Case Name: Claudio De Santiago Date Filed (f) or Converted (c): 08/12/2016 (f)

Carmen De Santiago 341(a) Meeting Date: 09/12/2016

For Period Ending: 08/30/2017 Claims Bar Date: 01/20/2017

1 2 3 4 5 6

Asset Description

(Scheduled and Unscheduled (u) Property)

Petition/

Unscheduled

Values

Est Net Value

(Value Determined by 

Trustee, Less Liens, 

Exemptions,

and Other Costs)

Property Formally

Abandoned

OA=554(a)

Sale/Funds

Received by

the Estate

Asset Fully

Administered (FA)/

Gross Value of Remaining 

Assets

1. 5306 S Kilpatrick Ave

Chicago Il 60632-4933

107,000.00 107,000.00 0.00 FA

2. 1931 221St St

Sauk Village Il 60411-5017

20,000.00 20,000.00 0.00 FA

3. Furniture And Household Goods 1,250.00 0.00 0.00 FA

4. Personal Clothing 700.00 0.00 0.00 FA

5. Citibank 1,150.00 0.00 0.00 FA

6. Chase 875.00 0.00 0.00 FA

7. Us Bank 20.00 0.00 0.00 FA

8. Contract For Sale Of Laazteca, 1708 Franklin Street, Michiga 15,600.00 11,600.00 11,600.00 FA

INT. Post-Petition Interest Deposits (u) Unknown N/A 0.00 FA

Gross Value of Remaining Assets

TOTALS (Excluding Unknown Values) $146,595.00 $138,600.00 $11,600.00 $0.00

(Total Dollar Amount in Column 6)

Major activities affecting case closing which are not reflected above, and matters pending, date of hearing or sale, and other action:

6/2017 Total of $9,600 collected; regular monthly installment payments continue

4/2017 Payments continue 

9/2016 Trustee made demand for payments Debtors are receiving for sale of business under installments beginning with 10/18/16

Initial Projected Date of Final Report (TFR): 10/31/2018 Current Projected Date of Final Report (TFR): 12/31/2017

Page: 1

UST Form 101-7-TFR (5/1/2011) (Page: 3)

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Exhibit B

FORM 2

ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 16-26019 Trustee Name: STEVEN R. RADTKE

Case Name: Claudio De Santiago Bank Name: Associated Bank

Carmen De Santiago Account Number/CD#: XXXXXX6271

Checking

Taxpayer ID No: XX-XXX4700 Blanket Bond (per case limit): $5,000,000.00

For Period Ending: 08/30/2017 Separate Bond (if applicable):

1 2 3 4 5 6 7

Transaction Date Check or 

Reference

Paid To / Received From Description of Transaction Uniform Tran. 

Code

Deposits ($) Disbursements ($) Account/CD Balance 

($)

10/24/16 8 Claudio De Santiago and Carmen 

DeSantiago

Turnover of Funds 

Proceeds of sale of Debtors' 

business under installment 

contract

1129-000 $1,200.00 $1,200.00

12/05/16 8 Carmen De Santiago & Claudio De 

Santiago

Turnover of Funds 

Proceeds of sale of Debtors' 

business under installment 

contract

1129-000 $1,200.00 $2,400.00

12/07/16 Associated Bank Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $2,390.00

01/09/17 Associated Bank Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $2,380.00

01/23/17 8 Carmen and Claudio De Santiago Turnover of Funds 1129-000 $1,200.00 $3,580.00

02/07/17 8 Carment & Claudio De Santiago Turnover of Funds 1129-000 $1,200.00 $4,780.00

02/07/17 Associated Bank Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $4,770.00

03/03/17 8 Carmen & Claudio De Santiago Installment payment 1129-000 $1,000.00 $5,770.00

03/03/17 8 Carmen & Claudio De Santiago Installment payment 1129-000 $200.00 $5,970.00

03/07/17 Associated Bank Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $5,960.00

04/06/17 8 Carmen & Claudio De Santiago Installment payment 1129-000 $1,000.00 $6,960.00

04/06/17 8 Carmen & Claudio De Santiago Installment payment 1129-000 $200.00 $7,160.00

04/07/17 Associated Bank Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $7,150.00

05/04/17 8 Claudio & Carmen De Santiago Installment payment 1129-000 $1,000.00 $8,150.00

Page Subtotals: $8,200.00 $50.00

Page: 1

UST Form 101-7-TFR (5/1/2011) (Page: 4)

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Exhibit B

FORM 2

ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 16-26019 Trustee Name: STEVEN R. RADTKE

Case Name: Claudio De Santiago Bank Name: Associated Bank

Carmen De Santiago Account Number/CD#: XXXXXX6271

Checking

Taxpayer ID No: XX-XXX4700 Blanket Bond (per case limit): $5,000,000.00

For Period Ending: 08/30/2017 Separate Bond (if applicable):

1 2 3 4 5 6 7

Transaction Date Check or 

Reference

Paid To / Received From Description of Transaction Uniform Tran. 

Code

Deposits ($) Disbursements ($) Account/CD Balance 

($)

05/04/17 8 Claudio & Carmen De Santiago Installment payment 1129-000 $200.00 $8,350.00

05/05/17 Associated Bank Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $10.00 $8,340.00

06/05/17 8 Carmen & Claudio De Santiago Installment payment 1129-000 $1,000.00 $9,340.00

06/05/17 8 Carmen & Claudio De Santiago Installment payment 1129-000 $200.00 $9,540.00

06/07/17 Associated Bank Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $12.23 $9,527.77

07/05/17 8 Carmen & Claudio De Santiago Installment payment 1129-000 $1,000.00 $10,527.77

07/06/17 8 Carmen & Claudio De Santiago Installment payment 1129-000 $200.00 $10,727.77

07/10/17 Associated Bank Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $13.48 $10,714.29

08/07/17 Associated Bank Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $15.70 $10,698.59

08/21/17 8 Claudio & Carmen De Santiago Final Installment payment 1129-000 $800.00 $11,498.59

COLUMN TOTALS $11,600.00 $101.41

Less: Bank Transfers/CD's $0.00 $0.00

Subtotal $11,600.00 $101.41

Less: Payments to Debtors $0.00 $0.00

Net $11,600.00 $101.41

Page Subtotals: $3,400.00 $51.41

Page: 2

UST Form 101-7-TFR (5/1/2011) (Page: 5)

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Exhibit B

TOTAL OF ALL ACCOUNTS

NET ACCOUNT

NET DEPOSITS DISBURSEMENTS BALANCE

XXXXXX6271 - Checking $11,600.00 $101.41 $11,498.59

$11,600.00 $101.41 $11,498.59

(Excludes account

transfers)

(Excludes payments

to debtors)

Total Funds on Hand

Total Allocation Receipts: $0.00

Total Net Deposits: $11,600.00

Total Gross Receipts: $11,600.00

Page Subtotals: $0.00 $0.00

Page: 3

UST Form 101-7-TFR (5/1/2011) (Page: 6)

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Exhibit C

ANALYSIS OF CLAIMS REGISTER

Case Number: 16-26019 Date: August 30, 2017

Debtor Name: Claudio De Santiago

Claims Bar Date: 1/20/2017

Page 1 Printed: August 30, 2017

Code # Creditor Name And Address Claim Class Notes Scheduled Claimed Allowed

$0.00 $1,910.00 $1,910.00

100

2100

STEVEN R. RADTKE

CHILL, CHILL & RADTKE, P.C.

79 WEST MONROE STREET

SUITE 1305

CHICAGO, IL 60603

, 

Administrative

$0.00 $22.24 $22.24

100

2200

STEVEN R. RADTKE

CHILL, CHILL & RADTKE, P.C.

79 WEST MONROE STREET

SUITE 1305

CHICAGO, IL 60603

, 

Administrative

1 $10,334.00 $10,334.73 $10,334.73

300

7100

American Infosource Lp As Agent

For

Td Bank, Usa

Po Box 248866

Oklahoma City, Ok 73124-8866

Unsecured

2 $1,307.00 $1,307.64 $1,307.64

300

7100

Discover Bank

Discover Products Inc

Po Box 3025

New Albany, Oh 43054-3025

Unsecured

3 $351.00 $950.14 $950.14

300

7100

American Infosource Lp As Agent

For

Td Bank, Usa

Po Box 248866

Oklahoma City, Ok 73124-8866

Unsecured

4 $12,286.46 $12,286.46 $12,286.46

300

7100

Bmw Financial Services Na, Llc

P.O. Box 165028

Irving, Tx 75016

Unsecured

5 $145.00 $299.40 $299.40

300

7100

Capital One Na

C/O Becket And Lee Llp

Po Box 3001

Malvern Pa 19355-0701

Unsecured

6 $1,190.00 $1,189.79 $1,189.79

300

7100

Portfolio Recovery Associates, Llc

Successor To Citibank, N.A. (Best

Buy)

Pob 41067

Norfolk, Va 23541

Unsecured

7 $9,466.00 $9,466.42 $9,466.42

300

7100

Portfolio Recovery Associates, Llc

Successor To Citibank, N.A.

(The Home Depot)

Pob 41067

Norfolk, Va 23541

Unsecured

UST Form 101-7-TFR (5/1/2011) (Page: 7)

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Exhibit C

ANALYSIS OF CLAIMS REGISTER

Case Number: 16-26019 Date: August 30, 2017

Debtor Name: Claudio De Santiago

Claims Bar Date: 1/20/2017

Page 2 Printed: August 30, 2017

Code # Creditor Name And Address Claim Class Notes Scheduled Claimed Allowed

8 $728.00 $728.36 $728.36

300

7100

Portfolio Recovery Associates, Llc

Successor To Citibank, N.A.

(The Home Depot)

Pob 41067

Norfolk, Va 23541

Unsecured

9 $2,287.00 $2,286.82 $2,286.82

300

7100

Portfolio Recovery Associates, Llc

Successor To Synchrony Bank

(Old Navy)

Pob 41067

Norfolk, Va 23541

Unsecured

Case Totals $38,094.46 $40,782.00 $40,782.00

Code#: Trustee’s Claim Number, Priority Code, Claim Type (UTC)

UST Form 101-7-TFR (5/1/2011) (Page: 8)

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TRUSTEE’S PROPOSED DISTRIBUTION

Exhibit D

Case No.: 16-26019

Case Name: Claudio De Santiago

Carmen De Santiago

Trustee Name: STEVEN R. RADTKE

Claims of secured creditors will be paid as follows:

NONE

Applications for chapter 7 fees and administrative expenses have been filed as follows:

Applications for prior chapter fees and administrative expenses have been filed as follows:

NONE

In addition to the expenses of administration listed above as may be allowed by the Court,

priority claims totaling $ must be paid in advance of any dividend to general (unsecured) creditors.

Allowed priority claims are:

NONE

Balance on hand $

Reason/Applicant Total Requested

Interim Payments

to Date

Proposed

Payment

Trustee Fees: STEVEN R. RADTKE $ $ $

Trustee Expenses: STEVEN R. RADTKE $ $ $

Total to be paid for chapter 7 administrative expenses $

Remaining Balance $

UST Form 101-7-TFR (5/1/2011) (Page: 9)

0.00 22.24 1,932.24 1,910.00 0.00 22.24 9,566.35 0.00 11,498.59 1,910.00

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The actual distribution to wage claimants included above, if any, will be the proposed payment

less applicable withholding taxes (which will be remitted to the appropriate taxing authorities).

Timely claims of general (unsecured) creditors totaling $ have been allowed and will

be paid pro rata only after all allowed administrative and priority claims have been paid in full. The

timely allowed general (unsecured) dividend is anticipated to be percent, plus interest (if

applicable).

Timely allowed general (unsecured) claims are as follows:

Claim No. Claimant

Allowed Amount

of Claim

Interim Payments

to Date

Proposed

Payment

1

American Infosource Lp As

Agent For $ $ $

2 Discover Bank $ $ $

3

American Infosource Lp As

Agent For $ $ $

4

Bmw Financial Services

Na, Llc $ $ $

5 Capital One Na $ $ $

6

Portfolio Recovery

Associates, Llc $ $ $

7

Portfolio Recovery

Associates, Llc $ $ $

8

Portfolio Recovery

Associates, Llc $ $ $

9

Portfolio Recovery

Associates, Llc $ $ $

Total to be paid to timely general unsecured creditors $

Remaining Balance $

UST Form 101-7-TFR (5/1/2011) (Page: 10)

0.00 0.00 0.00 38,849.76 0.00 0.00 0.00 0.00 0.00 0.00 24.6 728.36 2,286.82 1,307.64 950.14 10,334.73 1,189.79 9,466.42 12,286.46 299.40 73.72 292.97 2,331.01 179.35 2,544.82 321.99 233.96 3,025.41 563.12 0.00 9,566.35

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Tardily filed claims of general (unsecured) creditors totaling $ have been allowed and will

be paid pro rata only after all allowed administrative, priority and timely filed general (unsecured) claims

have been paid in full. The tardily filed claim dividend is anticipated to be percent.

Tardily filed general (unsecured) claims are as follows:

NONE

Subordinated unsecured claims for fines, penalties, forfeitures, or damages and claims ordered

subordinated by the Court totaling $ have been allowed and will be paid pro rata only after all

allowed administrative, priority and general (unsecured) claims have been paid in full. The dividend for

subordinated unsecured claims is anticipated to be percent.

Subordinated unsecured claims for fines, penalties, forfeitures or damages and claims ordered

subordinated by the Court are as follows:

NONE

UST Form 101-7-TFR (5/1/2011) (Page: 11)

0.00 0.0 0.00 0.0

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